Company name:

CarGurus Inc

  • IPO SHARE PRICE:
    $16.00
  • IPO DATE:
    October 12, 2017
  • TICKER:
    CARG
  • MAIN STOCK EXCHANGE:
    NASDAQ Global Select
  • CURRENT HQ LOCATION:
    2 Canal Park 4th Floor Cambridge Massachusetts 02141
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

CarGurus Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
42.0% - Net income (loss)
24.4% - Stock-based compensation
12.0% - Deferred income taxes
6.3% - Amortization of deferred contract costs
6.1% - Depreciation and amortization
4.0% - Accrued expenses accrued income taxes and other liabilities
2.1% - Accounts receivable
1.9% - Prepaid income taxes and other assets
1.0% - (Recovery of) provision for doubtful accounts
0.0% - (Gain) loss on foreign currency
SOURCEs
6.1% 6.3% 12.0% 4.0% 24.4% 42.0%
100 %
0%
USES
84.9% 6.2% 8.2%
8.2% - Accounts payable
6.2% - Deferred contract costs
0.5% - Deferred revenue
0.3% - Lease liabilities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
 $65,170 $42,146 $77,553 $77,553 $100,652
Depreciation and amortization
$45,679
$45,679
$45,679
 5,029 7,817 11,342 11,342 10,252
Amortization of deferred contract costs
-
$45,679
$45,679
 3,689 8,416 11,605 11,605 12,040
Stock-based compensation
$45,679
$45,679
$45,679
 20,794 34,301 45,090 45,090 42,748
(Recovery of) provision for doubtful accounts
$45,679
$45,679
$45,679
 1,680 1,091 1,930 1,930 752
Excess tax benefit related to stock-options compensation Excess tax benefit related to stock-options compensation
$45,679
$45,679
$45,679
 - - - - -
Deferred income taxes
$45,679
$45,679
$45,679
 (39,040) (3,734) 22,235 22,235 29,864
(Gain) loss on foreign currency
-
-
$45,679
 (190) (690) 23 23 220
Unrealized (gain) loss on foreign currency
$45,679
$45,679
$45,679
 (190) - - - -
Accounts receivable
$45,679
$45,679
$45,679
 (1,911) (9,608) 3,889 3,889 (8,260)
Prepaid income taxes and other assets
$45,679
$45,679
$45,679
 (11,753) (378) 3,484 3,484 (14,480)
Deferred contract costs
-
$45,679
$45,679
 (12,987) (15,979) (11,378) (11,378) (17,824)
Accounts payable
$45,679
$45,679
$45,679
 9,345 4,268 (15,077) (15,077) 18,672
Accrued expenses
$45,679
-
-
 - - - - -
Accrued expenses accrued income taxes and other liabilities Accrued expenses accrued income taxes and other liabilities
-
-
-
 3,100 2,760 7,450 7,450 29,800
Accrued expenses accrued income taxes and other current liabilities Accrued expenses accrued income taxes and other current liabilities
-
$45,679
$45,679
 2,695 2,151 - - -
Deferred rent
$45,679
$45,679
$45,679
 4,289 - - - -
Deferred revenue
$45,679
$45,679
$45,679
 4,508 1,174 (861) (861) (2,192)
Lease liabilities
-
-
-
 - (1,468) (542) (542) (3,592)
Other liabilities
$45,679
$45,679
$45,679
 405 609 - - -
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
 $51,723 $70,116 $156,743 $156,743 $191,748
Selected Year:
31-Dec
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
86.9% - Maturities of marketable securities
SOURCEs
13.1% 86.9%
100 %
0%
USES
3.6% 77.8% 16.4%
77.8% - Purchases of marketable securities
16.4% - Acquisitions
3.6% - Capitalization of website development costs
2.3% - (Purchase) sale of property and equipment
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Purchases of marketable securities
$45,679
$45,679
$45,679
 (212,800) (177,808) (100,000) (100,000) (400,000)
Maturities of marketable securities
$45,679
$45,679
$45,679
 140,000 188,916 111,692 111,692 -
(Purchase) sale of property and equipment
$45,679
$45,679
$45,679
 (5,956) (11,205) (2,952) (2,952) (880)
Capitalization of website development costs
$45,679
$45,679
$45,679
 (1,522) (3,021) (4,579) (4,579) (6,136)
Acquisitions
-
-
-
 - (19,139) (21,056) (21,056) -
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
 ($80,278) ($22,257) ($16,895) ($16,895) ($407,016)
Selected Year:
31-Dec
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
10.1% - Issuance of common stock from exercise of stock options
SOURCEs
89.9% 10.1%
100 %
0%
USES
99.7%
99.7% - Payment of withholding taxes and option costs on net share settlement of restricted stock units and stock options
0.3% - Financing cash flows from finance leases
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
$45,679
 - - - - -
Issuance of preferred stock
$45,679
$45,679
$45,679
 - - - - -
Issuance of common stock from exercise of stock options Issuance of common stock from exercise of stock options
-
-
-
 3,632 1,807 1,136 1,136 564
Proceeds from issuance of common stock upon exercise of stock options Proceeds from issuance of common stock upon exercise of stock options
-
$45,679
$45,679
 3,632 1,807 - - -
Proceeds from issuance of stock upon exercise of unit options and stock options Proceeds from issuance of stock upon exercise of unit options and stock options
$45,679
-
-
 - - - - -
Initial public offering costs
-
$45,679
$45,679
 (1,142) - - - -
Financing cash flows from finance leases
-
-
-
 - (30) (37) (37) (148)
Employee withholding taxes paid on share-based compensation Employee withholding taxes paid on share-based compensation
-
$45,679
$45,679
 (25,885) - - - -
Payment of withholding taxes and option costs on net share settlement of restricted stock units and stock options Payment of withholding taxes and option costs on net share settlement of restricted stock units and stock options
-
-
-
 (25,885) (16,470) (11,184) (11,184) (9,904)
Excess tax benefit from stock-based compensation
$45,679
$45,679
$45,679
 - - - - -
Repurchases of vested options preferred and common stock Repurchases of vested options preferred and common stock
$45,679
$45,679
$45,679
 - - - - -
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
 ($23,395) ($14,693) ($10,085) ($10,085) ($9,376)
Selected Year:
31-Dec
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$130,203,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
 $89,552 $37,558 $70,723 - $1,027,272
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
 (44) (1) 440 - 1,076
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
 (51,994) 33,165 130,203 - (223,568)
Cash and equivalents - End of period
$45,679
$45,679
$45,679
 $37,558 $70,723 $200,926 - $803,704